Oakley Capital invests €175m in EQT's Idealista

The GP deployed capital from Oakley Capital IV, which held a final close on €1.46bn in July 2019, surpassing its €1.2bn target.

Oakley Capital Investments' indirect contribution via Fund IV will amount to around £43m.

EQT acquired Idealista from Apax Partners for €1.3bn in September 2020, investing via EQT IX. The deal gave the company a valuation of around 26x its EBITDA of approximately €50m. The GP bought a majority stake, while the company management team, led by CEO Jesús Encinar, reinvested significantly into the business and retained a minority holding. 

Following this deal, EQT acquired Italian online real estate marketplace Casa.it from Oakley Capital. The company was subsequently combined with idealista's Italian operations.

Company
Founded in 2000 and headquartered in Madrid, Idealista is an online real estate platform that provides a digital marketplace for home buyers and sellers across Spain, Portugal and Italy.

Its platform offers a diversified portfolio of digital services, including CRM tools, data analytics and online mortgage brokerage.

Idealista supports around 40,000 real estate agents and counts 38 million unique monthly visitors across southern Europe. The company generated EBITDA of almost €50m from revenues of around €100m in 2019.

People
Oakley Capital – Peter Dubens (managing partner).
Idealista – Jesus Encinar (co-founder, CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Southern Europe
• Technology
• Oakley Capital
• EQT
• Spain